AfDB, Investors Working To Close $67bn Deals     Investors and partners of the African Investment Forum are working on closing investment transactions worth $67bn at the second edition of the forum, which kicked off on Monday in Johannesburg. The President, African Development Bank, Dr Akinwumi Adesina, disclosed...

AfDB Governors Convert Energy Fund To Concessional Finance Facility   The African Development Bank’s Board of Governors has approved the conversion of the bank-administered Sustainable Energy Fund for Africa into a ‘special fund’, to amplify its development impact by allowing it to access a wider range...

AfDB Shareholders Approve $115bn Capital Increase   The governors of the African Development Bank, representing shareholders from 80 countries, have approved $115bn increase in capital for the continent’s foremost financial institution. The approval was made at an extraordinary shareholders meeting held on Friday in Abidjan. The capital increase,...

AfDB Announces Largest Capital Increase Of $208bn   The African Development Bank on Thursday announced the largest capital increase in its history, with an almost 125 per cent jump from $93 billion to $208 billion. AfDB President, Akinwumi Adesina, hailed “a historic day” for the bank and...

AfDB Partners Global Firm On Youth Empowerment     The African Development Bank (AfDB) and Seedstars World, a Swiss-based start-up in emerging markets, have announced a strategic partnership to implement innovative ‘job creation track’ model to support youth employment and entrepreneurship in Africa. The partnership is in line...

AfDB, New Development Bank Partner To Fund Projects Across Africa   The African Development Bank (AfDB) and the New Development Bank have signed an agreement to promote new impact projects to improve lives of millions of Africans. Under the deal, the New Development Bank −a multilateral development...